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North Korea funded missile programmes with stolen cryptocurrency

by on07 February 2022

They were only supposed to blow the doors off

North Korea funded its missile programs with millions of dollars in stolen cryptocurrency.

According to the BBC, between 2020 and mid-2021 cyber-attackers stole more than $50 million worth of digital assets to fund Pyongyang's nuclear and ballistic missile programme.

The findings were handed to the UN's sanctions committee on Friday. The cyber-attacks targeted at least three cryptocurrency exchanges in North America, Europe, and Asia.

The report also referenced a study published last month by the security firm Chainalysis that suggested North Korean cyberattacks could have netted as much as $400 million worth of digital assets last year. And in 2019, the UN reported that North Korea had accumulated an estimated $2 billion for its weapons of mass destruction programmes by using sophisticated cyber-attacks.

Best Korea carried out nine missile tests last month.


Last modified on 08 February 2022
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